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Cable Update (GBPUSD)

  • #408,541
  • Feb 13, 2015 10:44am Feb 13, 2015 10:44am
Quoting danndc
{quote} how many pips do you gain per month? get ready cause i think it will break 14950
if oil goes 20 dollars a barrel i will say yes, but 5500 6400 looks good possible short areas 5295/50 /30 i would buy from them levels ,,if,,if
  • #408,542
  • Feb 13, 2015 10:46am Feb 13, 2015 10:46am
Quoting danndc
{quote} how many pips do you gain per month? get ready cause i think it will break 14950
move fast if 369 goes
Attached Image (click to enlarge)
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  • #408,543
  • Feb 13, 2015 10:58am Feb 13, 2015 10:58am
Quoting elbert3
{quote} if oil goes 20 dollars a barrel i will say yes, but 5500 6400 looks good possible short areas 5295/50 /30 i would buy from them levels ,,if,,if
15420 has been just rejected, and next UK news will be very ugly especially next friday i think

your second question, i made almost 75/80% in 17 months but this time i am very very tight with gbpusd

we will see
  • #408,544
  • Feb 13, 2015 11:04am Feb 13, 2015 11:04am
Quoting danndc
{quote} 15420 has been just rejected, and next UK news will be very ugly especially next friday i think your second question, i made almost 175/180% in 17 months but this time i am very very tight with gbpusd we will see
well done so you have been doing this longer than i,, i could not figure it out with the questions, gl,, i have to run now,, see you all later
  • #408,545
  • Feb 13, 2015 11:05am Feb 13, 2015 11:05am
Quoting Bren0001
edy, What do you think of these trades? I'd like to know what your thoughts are about these trades. B.
actually I have had sell limits till 1.55 when it was down about 1.49 , I did cancel my sell limits , and moved sell limits lower , now I need your help what do you think for long term positions .
  • #408,546
  • Feb 13, 2015 11:34am Feb 13, 2015 11:34am
whilst theres 2 weeks left ,this candle is already formed as bullish the close we can see just how as is or could be inverted hammer ,as d1 theres problems for bulls
but the fact we are in range overall and we have traveled this far is important and useful info now ,if it closed like this you could see 500+ south not to forget usd is very streched,
you can see the power at right location of such a candle ,
piercing line is far more probable than say a pin which is more commonly mentioned
if it closed like this you would not see 1.5 for some time,



Quoting Bones
dark cloud is high probability ,so is monthly ,on break ,may not break this week ,above 1.7 is a no no I could see 500 pips north, {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD MONTHLY (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #408,547
  • Feb 13, 2015 1:05pm Feb 13, 2015 1:05pm
Quoting Bones
whilst theres 2 weeks left ,this candle is already formed as bullish the close we can see just how as is or could be inverted hammer ,as d1 theres problems for bulls but the fact we are in range overall and we have traveled this far is important and useful info now ,if it closed like this you could see 500+ south not to forget usd is very streched, you can see the power at right location of such a candle , piercing line is far more probable than say a pin which is more commonly mentioned if it closed like this you would not see 1.5 for some time,...
Great chart and great explanation.
Thanks
  • #408,548
  • Feb 13, 2015 1:38pm Feb 13, 2015 1:38pm
Quoting Bones
whilst theres 2 weeks left ,this candle is already formed as bullish the close we can see just how as is or could be inverted hammer ,as d1 theres problems for bulls but the fact we are in range overall and we have traveled this far is important and useful info now ,if it closed like this you could see 500+ south not to forget usd is very streched, you can see the power at right location of such a candle , piercing line is far more probable than say a pin which is more commonly mentioned if it closed like this you would not see 1.5 for some time,...
Thanks a lot
  • #408,549
  • Feb 13, 2015 1:49pm Feb 13, 2015 1:49pm
Quoting Bones
whilst theres 2 weeks left ,this candle is already formed as bullish the close we can see just how as is or could be inverted hammer ,as d1 theres problems for bulls but the fact we are in range overall and we have traveled this far is important and useful info now ,if it closed like this you could see 500+ south not to forget usd is very streched, you can see the power at right location of such a candle , piercing line is far more probable than say a pin which is more commonly mentioned if it closed like this you would not see 1.5 for some time,...
2 weeks is quite a long time, enything can happen in 2 weeks, even 500+ pips down
  • #408,550
  • Feb 13, 2015 2:43pm Feb 13, 2015 2:43pm
but why does no one is talking about CPI on tuesday? is it not important for the market? what about if it comes out at 0.3% or even lower?
  • #408,551
  • Feb 13, 2015 3:26pm Feb 13, 2015 3:26pm
Even current gbp monthly close, Euro don't seem more bullish moment. If next week Eur up is logical gbp do same but at this moment not seem clear gbp up more. And USD it's an area where can get strong up. As always we need wait for see some signal clearly.
Try don't lose pants never...
  • #408,552
  • Edited 3:56pm Feb 13, 2015 3:44pm | Edited 3:56pm
true but only looking at odds ,you can read at times candles part of the way through ,we know 1.5 is strong ,now we see bullish weekly and monthly ,I would be shocked to see 500 or even 300 down ,but even then potentially bears have been warned,I'm bullish as of yesterday ,ill be back to review odds on outlook is correct end of month

Quoting danndc
{quote} 2 weeks is quite a long time, enything can happen in 2 weeks, even 500+ pips down
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #408,553
  • Feb 13, 2015 5:07pm Feb 13, 2015 5:07pm
Daily boundaries as I see them.
Can play the breaks and bounces I think.

Could see some ping pong over the next couple of weeks
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDDaily1.png Size: 27 KB
Come with me if you want to live....
  • #408,554
  • Feb 13, 2015 7:52pm Feb 13, 2015 7:52pm
Quoting braintheboss
Even current gbp monthly close, Euro don't seem more bullish moment. If next week Eur up is logical gbp do same but at this moment not seem clear gbp up more. And USD it's an area where can get strong up. As always we need wait for see some signal clearly.
In my view, eur is almost impossible to get up.
Greece issue weighs it a lot, along with many other things.
as to gbp, it is different case.
gbp low inflation rate could mean more room to increase interest rate, if they want to.
also could mean less need of QE or devaluing their currency.
as to usd, question is: will they actually reduce or stop QE? Will they actually increase interest rates? Still not sure.
so my view gu up, eu down.
my 2 cents only.
  • #408,555
  • Feb 13, 2015 10:50pm Feb 13, 2015 10:50pm
Quoting Idkurv
{quote} In my view, eur is almost impossible to get up. Greece issue weighs it a lot, along with many other things. as to gbp, it is different case. gbp low inflation rate could mean more room to increase interest rate, if they want to. also could mean less need of QE or devaluing their currency. as to usd, question is: will they actually reduce or stop QE? Will they actually increase interest rates? Still not sure. so my view gu up, eu down. my 2 cents only.
I'm not a trained economist so I could be wrong here, but if a country is experiencing low inflation, I would have thought increasing interest rates would be the last thing they should do since higher interest rates only reduces consumer spending and inflation further.
After all, increasing interest rates is a policy tool used during periods of economic growth or booms to control or reduce inflation isn't it?
Come with me if you want to live....
  • #408,556
  • Feb 14, 2015 12:12am Feb 14, 2015 12:12am
Quoting Zappa
{quote} I also think that we'll be back down to 1.5010 within a few weeks, and I respect your opinion, but I'd rather wait to see what's going on around 1.5600 before I'd strongly consider going short. It just doesn't seem like a good place to sell at the moment. I'd at least want to see some loss in momentum or sneaky little power sells that are slowly reversed but hint at a sell-off. But hey, we all got our ideas and that's what we are here to do, share them.
Actually Zappa, I agree, I think 1.6 is on the cards come Tuesday.
I won't go long to there, but if we get there Tuesday I will short with both micro barrels at my disposal
Attached Image
Come with me if you want to live....
  • #408,557
  • Feb 14, 2015 12:23am Feb 14, 2015 12:23am
Quoting Idkurv
{quote} In my view, eur is almost impossible to get up. Greece issue weighs it a lot, along with many other things. as to gbp, it is different case. gbp low inflation rate could mean more room to increase interest rate, if they want to. also could mean less need of QE or devaluing their currency. as to usd, question is: will they actually reduce or stop QE? Will they actually increase interest rates? Still not sure. so my view gu up, eu down. my 2 cents only.
bt on my view....Fed has many possibility for rate hike rather than BOE...
  • #408,558
  • Feb 14, 2015 7:05am Feb 14, 2015 7:05am
i think that we all should wait till tuesday for next move in cable.

hoping for a bad CPI
  • #408,559
  • Feb 14, 2015 7:46am Feb 14, 2015 7:46am
focus on macro events like that is not good anyway I doubt your right ,

Quoting danndc
i think that we all should wait till tuesday for next move in cable. hoping for a bad CPI
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #408,560
  • Feb 14, 2015 7:59am Feb 14, 2015 7:59am
Quoting Bones
focus on macro events like that is not good anyway I doubt your right , {quote}
why not sorry? do you think that if the CPI comes out in red or green it won't move the market?

not only carney's words can move the market
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